Senior Housing in Fort Lauderdale on Tap With $36M in Financing

Financing for the Sailboat Bend II includes $25 million in low-income tax credit equity through Bank of America.

By Lidia Dinkova | January 09, 2020 at 08:43 AM

(L to R) Kenneth Naylor is chief operating officer at Atlantic I Pacific Communities, Tam English is executive director at the Housing Authority of the City of Fort Lauderdale, and Jason Kaye is vice president of Community Development Banking at Bank of America.

More multifamily will rise near downtown Fort Lauderdale, but it’s not exactly what you would expect.

With much of the new South Florida construction focuses on high-priced apartments, Sailboat Bend II will be an affordable community for residents 55 and older.

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